World tech stocks and bond markets extended their blistering rally on Thursday as Democrat Joe Biden inched closer to winning the White House and Britain’s central bank became the latest to say it will pump out more stimulus.
Global stocks held near a record high on Friday while bets that a divided US Congress would hinder government borrowing and potentially pave the way for even more Federal Reserve stimulus kept the dollar and US bonds sluggish.
Japan's Nikkei 225 surged 1.9% to 24,794.44. Australia's S&P/ASX 200 added 1.6% to 6,291.10. In Europe, Stoxx 50 futures were up 1.5% by 06:40 GMT, while German DAX futures and London's FTSE futures gained 1.6% and 1.3%, respectively.
Tokyo and Sydney rose, on the other hand, Shanghai, Hong Kong and Seoul slumped, on Wall Street, the benchmark S&P 500 index jumped 1.9% higher while European stocks grapple for momentum.
Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney rose while Seoul fell less than 0.1%. The benchmark S&P 500 index on Wall Street closed 1.2% higher and in Europe, the pan-European STOXX 600 was flat at 4%.
World stocks edged higher on Friday, but gains were capped by dwindling stimulus in the United States and concerns about the damage to the global economy from further COVID-19 infections. Hopes of a stimulus-led recovery receded after US Treasury Secretary
Tokyo's Nikkei 225 index shed 0.4% to 22,418.15 while the Shanghai Composite index gave up 0.5% to 3,362.32. Hong Kong lost 1.4% to 24,746.30. South Korea's Kospi added 1.1% to 2,337.05
The miner fell 4.6% as it also booked a $3.2 billion impairment charge, driving the FTSE 100 down 1.2%.
The blue-chip FTSE 100 was down 0.1%, The mid-cap FTSE 250 dipped 0.3%, with losses in industrial, energy and tech-related stocks.
The benchmark Nikkei 225 index gave up 0.39 percent or 88.21 points to 22,329.94, but made a weekly gain of 2.86 percent, driven up by robust US shares.The broader Topix index lost 0.20 percent or 3.14 points to 1,546.74, but advanced 3.39 percent over the week.